SOURCE: First City Capital

December 13, 2007 00:07 ET

First City Capital Launches Sale Leaseback Program for Small Business Owners

Equipment Leasing Company Provides New Sale Leaseback Program as Cash Flow Tool for Small Business Owners

IRVINE, CA--(Marketwire - December 13, 2007) - First City Capital equipment leasing company and its funding partners today announced the launch of their new sale leaseback program specifically designed for companies with less than $10 million in annual revenues.

Once a product only reserved for larger companies with tangible real estate, the sale leaseback program will give small business owners a cash flow tool to free up bank lines and meet current obligations, an important need left unaddressed by most of the equipment leasing industry. Most banks will not entertain the idea of a sale leaseback for small business owners.

"This program will allow capital extraction from equipment to address current cash flow needs for small business owners," said Dan Duenas, president of First City Capital. "Our customers have requested this important tool and this program will allow us to deliver this vital product."

First City Capital sale leaseback transactions will now be considered based on the following criteria:

--  Minimum 670 FICO score
--  Low 5 Figure Bank Rating
--  Equipment must be hard collateral
--  Minimum 5 years in business
The program will focus on transportation, manufacturing and construction equipment. First City Capital also offers equipment financing and leasing services for computer equipment, dental equipment, medical equipment and office equipment.

For more information on small business equipment leasing with First City Capital's sale leaseback program call 800-603-8314 or visit

About First City Capital:

First City Capital is a direct provider of equipment financing and leasing solutions for businesses across the US. With more than 100 years of equipment lending experience, they are committed to providing business owners with a fast and easy way to acquire new or used equipment. It is the focus and objective of First City Capital to remain an industry leader by delivering quality financial products and innovative services in an efficient, cost-effective, convenient and most importantly customer-friendly manner.